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Explain about National Securities Depository Limited (NSDL).

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Explain about National Securities Depository Limited (NSDL).

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  1. The Government of India enacted the depositories act in August 1996, paving the way for the setting up depositories in India.
  2. NSDL was inaugurated as the first depository in India on November 8, 1996.
  3. Trading in dematerialized securities on the National Stock Exchange (NSE) commenced in December 26, 1996.
  4. The Bombay stock exchange also extended the facility of trading in dematerialized securities from December 29, 1997.
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